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15 Oct 2024

Thai Economy

The cost of flood damage in 2024 may exceed THB30 billion (Current Issue No.3523 Full Ed.)

คะแนนเฉลี่ย

The cost of flood damage in 2024 may exceed THB30 billion
  • KReseach estimates that the economic impact of the 2024 floods could amount to at least THB 30 billion, or 0.16 percent of the country's GDP. The figure could rise if the situation persists or expands to more locations.
  • The damage has primarily been seen in the agricultural sector, hurting household income, which may in turn dampen consumption and the Thai economy in the last four months of the year.
  • Looking ahead, erratic weather conditions may increase the risk of more frequent and severe natural disasters, which will further affect economic activity if an effective contingency plan is not in place.

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Thai Economy